My neighbor just lost the contract on his house because the buyer couldn't swing the flood insurance. Everyone is forced to have it in order to get a loan but to ever benefit from it is nearly impossible. The flood insurance is for the most part just a tax at least for the people living in Quiet Valley.

COREY BOOKER (SPARTACUS) No contest for Drama King of the year.

Re: Flood Insurance

Posted by Wally Bunker on April 26, 2018, 5:15 pm, in reply to "Flood Insurance"

Everyone knows insurance is a rip off for the most part, and flood insurance may be the biggest rip off of all. They have a thousand different reasons why something isnt covered, they arent in business to lose money and they dont.

Buyers of real estate that need federally backed loans (Freddy Mac, Fannie Mae, VA) must purchase flood insurance already if they are in the 1% floodplain. FEMA is reviewing the flood plain map to identify more interior areas of Madison County with a 1% annual risk of flooding. (a 100 year flood) The Highland area is getting the most attention right now, but the tri-cities areas are up for revision as well. More of these stories to come unfortunately. Madison County Planning and Development has some very informative resources as well www.co.madison.il.us http://www.bnd.com/news/local/community/highland-news-leader/article96136892.html